Ethereum (ETH) at $ 3,000 in May?

The most important thing shortly:

• The ether course rose by 3 % to $ 2,550 on May 18 and triggered ETH-short sales of $ 22 million.

• A bull flag on the chart indicates a target of $ 3,700 and analysts predict that the Bitcoin course in May could rise to $ 5,000.

The price of ether (ETH) rose on May 18 and rose by more than 2.5 % to $ 2,536 in the last 24 hours. This recovery encourages optimism that the ETH course in May could reach the 3,000 US $ 3,000 mark. The strong technical data also signal this.

Ether: $ 7.5 million shorts in an hour

Data from Cointelegraph Markets Pro And Bitsamp show that ETH rose by more than 4.5 % on an intra-raday high of $ 2,551 on May 18 after he had reached a low of $ 2,440 the day before.

In parallel to the current losses of ether, there were considerable liquidations on the entire cryptoma market. According to the data from Coinglass, more than $ 158 million in lit crypto positions have been liquidated in the last 24 hours, including $ 95 million in long positions.

Ether sales amounted to $ 22.25 million, with $ 7.5 million being destroyed within an hour alone.

This means that short dealers were surprised from the return of Ether to $ 2,500.

Further data from Coinglass showed that the sellers were interested in several areas above the spot course, with the purchase order worth over $ 384 million up to $ 3,000. This indicates that the current recovery at this level could have reached its climax.

Ether again on a recreational course?

Market analysts believe that the latest decline from Ether was a technical correction to test important levels of support again before it upwards towards $ 3,000 and beyond continued.

Titan of Crypto saidthe weekly stochastics RSI value of 79 indicates that ETH “has even more petrol in the tank” in order to continue to rise.

#Ethereum might still have more gas in the tank ⛽️

The weekly Stochastic RSI suggests there’s still room before reaching extreme overbought territory, possibly a few more weeks to go. #ETH pic.twitter.com/atCm93napO

– Titan of Crypto (@WASHIGORIRA) May 17, 2025

According to the analyst Chimp of the North, the downward trend from Ether could have found its low point at $ 2,400.

The analyst divided A chart that indicates that the old coin could continue its retracement to test the support of $ 2,400 again, and then start another rally towards $ 3,300.

The analyst crypto patel predicted a deeper decline for ether and said that the ETH course could possibly fall to $ 1,800, and only then rises again.

“This area is a zone with a high probability for a bullish return when the course gets support”, wrote The analyst in a contribution from May 17 on X and he added:

“If the demand continues here, the next leg could take place towards 4,000 to $ 5,000.”

ETH could have a new all-time high by $ 5,000 to reachdriven by the introduction of AI, traces of spot-ETFs and the latest improvements by the Pectra-Upgrade.

Bull flag at Ether further intact

From a technical point of view, the ETH course is still above a bull flag pattern in the 4-hour time frame. This is a bullish setup that forms when the course has consolidated after a strong increase in the price within a tendency.

The bull flag was confirmed on May 13th when the course broke out over the upper trend line at $ 2,550. Ether is now testing the upper limit of the flag, which is currently $ 2,470 and serves as immediate support.

A day candle above this level could lead to ETH resuming its upward trend and approaching the technical goal of the bull flag at $ 3,720, which corresponds to an increase of 50 % compared to the current course.

Conversely, the RSI has fallen from 60 to 42 in the last 24 hours, which indicates that the current correction could continue if sales increase.

A final course on the daily chart below the support at $ 2,470 increases the likelihood of a decline in price to $ 2,400 and then to the lower end of the flag at $ 2,300.

This article does not represent investment advice or recommendation. Every investment and every trade goes hand in hand with a risk and you should research yourself before making a decision.